Ahli Bank S.A.O.G. (Oman) RO 50 million (US$130 million) of Basel III compliant Additional Tier 1 Capital Bonds through rights issue completed

Ahli United Bank Limited launches commercial operations in DIFC, Dubai under Category-I license

Ahli United Bank (Egypt) S.A.E. capital increase of EGP 500 million (US$66 million) through rights issue completed

International Finance Corporation acquires additional 2.29% stake in AUB through early conversion of its optionally convertible subordinated debt to common shares

IFC Capitalization Fund acquires 2.95% stake in AUB by converting its preference shares to common shares

AUB sells its 29.4% stake in Ahli Bank Qatar

$62.2 million rights issue for Ahli United Bank (Egypt) S.A.E. completed

$290 million of Tier I & Tier II capital from IFC Capitalization Fund raised

Ahli United Bank (Egypt) S.A.E. stake further increased to 85.1% through a second tender offer

40% stake in United Bank of Commerce & Investment (Libya) acquired

50% Joint Venture with Legal & General Plc to establish conventional & Takaful insurance companies incorporated

US$374 million pre-emptive share rights offering oversubscribed.

AUB signs landmark US$ 200 million loan agreement with the International Finance Corporation (IFC).

AUB acquires 49% stake in Delta International Bank S.A.E., Egypt, now Ahli United Bank (Egypt) S.A.E.

AUB acquires 49% stake in the Commercial Bank of Iraq

Ahli United Bank (Bahrain) BSC merged with AUB.

40% stake acquired in Al Ahli Bank of Qatar

UBK name changed to Ahli United Bank (UK) PLC.

43% stake accumulated in Bank of Kuwait & the Middle East KSC.

Merger of Ahli Commercial Bank BSC with newly acquired Commercial Bank of Bahrain to establish Ahli United Bank (Bahrain) BSC.

United Bank of Kuwait PLC & Ahli Commercial Bank BSC agree to establish Ahli United Bank (AUB) and become its wholly owned subsidiaries.

United Bank of Kuwait PLC (UBK) incorporated in London.